Discretionary power replacing mandatory duty in Section 23 I converts a statutory obligation into optional administrative action. The amendment substitutes the word 'shall' with 'may' in section 23 I(1) of the Securities Contracts (Regulation) Act, converting a statutory obligation into a discretionary power and thereby permitting, rather than requiring, action by the responsible entity or officer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Discretionary power replacing mandatory duty in Section 23 I converts a statutory obligation into optional administrative action.
The amendment substitutes the word "shall" with "may" in section 23 I(1) of the Securities Contracts (Regulation) Act, converting a statutory obligation into a discretionary power and thereby permitting, rather than requiring, action by the responsible entity or officer.
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